Name: Gearing up for development: Namibia energy conference takeaways
Brand: Wood Mackenzie
SKU: 201035
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Author: Wood Mackenzie

Insight 14 May 2025

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Namibia's recent International Energy Conference underlines how its oil and gas resources could transform its economy and benefits its people. The conference highlighted five key themes. The country's Orange Basin continues to be a global exploration hotspot. Several more big wells are planned for later this year. On development front, TotalEnergies is progressing the Venus phase 1 project. The oil project will bring unprecedented benefits to Namibia. While oil is prioritised, the country is planning the framework for realising its gas potential.</div>
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<li class="list__item-toggle font-semibold">
        Theme 1: Namibia remains an exploration hotspot
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<li class="list__item-toggle font-semibold">
        Theme 2: Namibia gears up for its first major upstream project
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<li class="list__item-toggle font-semibold">
        Theme 3: Local content policy is an immediate priority for the new government
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        Theme 4: Natural gas is a big opportunity, but it may come later
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        Theme 5: Governance and regulatory changes are underway
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        <li class="list__item push-quarter--bottom">Map: Namibia's upcoming exploration wells</li><li class="list__item push-quarter--bottom">Venus Phase 1 cashflow</li><li class="list__item push-quarter--bottom">Venus Phase 1 NPV/IRR sensitivity to oil price</li>
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<p class="font-regular" >Gearing up for development: Namibia energy conference takeaways</p>
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